Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Reaches New 12-Month High – Should You Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares hit a new 52-week high during trading on Thursday . The company traded as high as $70.44 and last traded at $70.19, with a volume of 154910 shares traded. The stock had previously closed at $69.54.

Invesco S&P 500 Quality ETF Stock Performance

The company has a 50 day simple moving average of $68.38 and a two-hundred day simple moving average of $66.84. The firm has a market cap of $10.43 billion, a PE ratio of 22.60 and a beta of 0.98.

Institutional Investors Weigh In On Invesco S&P 500 Quality ETF

A number of large investors have recently bought and sold shares of the company. Global Retirement Partners LLC boosted its holdings in Invesco S&P 500 Quality ETF by 3.0% in the fourth quarter. Global Retirement Partners LLC now owns 229,346 shares of the company’s stock valued at $15,373,000 after purchasing an additional 6,635 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth about $7,365,000. Key Financial Inc grew its holdings in Invesco S&P 500 Quality ETF by 5.8% during the fourth quarter. Key Financial Inc now owns 11,611 shares of the company’s stock worth $778,000 after acquiring an additional 634 shares during the period. Atria Wealth Solutions Inc. raised its position in Invesco S&P 500 Quality ETF by 5.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 431,305 shares of the company’s stock valued at $28,910,000 after acquiring an additional 21,757 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF in the fourth quarter valued at approximately $1,771,000.

Invesco S&P 500 Quality ETF Company Profile

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap.